Waiver Agreement Meaning
If you opt out of the emergency inspection, you can still order a home inspection. But you agree to buy the home “as planned” – or lose your deposit – and you waive your right to use the inspection report to withdraw from the agreement if you sign the emergency inspection waiver. The Borrower understands and agrees that the Bank relies on the Borrower`s guarantees, guarantees and agreements to modify existing commitments, as set out in existing loan documents, after the entry into force of such Loan Amendment Agreement and waiver agreement between the Borrower and the Bank on the date of this Agreement. The waiver must also not be supported by contractual consideration. . . .